Short Interest in OFS Capital Co. (NASDAQ:OFS) Drops By 35.6%

OFS Capital Co. (NASDAQ:OFS) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 39,700 shares, a decrease of 35.6% from the January 31st total of 61,600 shares. Based on an average daily volume of 49,800 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the company are sold short.

OFS Capital Stock Performance

NASDAQ OFS traded up $0.05 during trading hours on Monday, hitting $8.35. 50,165 shares of the stock were exchanged, compared to its average volume of 34,242. The company has a market cap of $111.87 million, a price-to-earnings ratio of -92.77 and a beta of 1.75. OFS Capital has a 12-month low of $7.75 and a 12-month high of $11.94. The stock has a 50-day moving average of $8.14 and a 200 day moving average of $8.21. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.55.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings results on Monday, March 3rd. The investment management company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.05. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. As a group, equities research analysts forecast that OFS Capital will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP grew its position in OFS Capital by 16.3% during the fourth quarter. Two Sigma Advisers LP now owns 199,200 shares of the investment management company’s stock worth $1,608,000 after buying an additional 27,900 shares during the period. Bulldog Investors LLP acquired a new position in OFS Capital during the fourth quarter worth about $916,000. Arkadios Wealth Advisors grew its position in OFS Capital by 7.7% during the fourth quarter. Arkadios Wealth Advisors now owns 88,293 shares of the investment management company’s stock worth $713,000 after buying an additional 6,332 shares during the period. Virtus ETF Advisers LLC grew its position in OFS Capital by 15.8% during the fourth quarter. Virtus ETF Advisers LLC now owns 64,344 shares of the investment management company’s stock worth $519,000 after buying an additional 8,784 shares during the period. Finally, Trexquant Investment LP grew its position in OFS Capital by 36.8% during the fourth quarter. Trexquant Investment LP now owns 60,704 shares of the investment management company’s stock worth $490,000 after buying an additional 16,327 shares during the period. 10.81% of the stock is currently owned by institutional investors and hedge funds.

About OFS Capital

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.